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Banks may see some impact on profits due to RBI's draft norms for higher provisioning on infra lending, say experts

According to research reports, public-sector banks will see a larger impact compared to private lenders. ....

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Kotak Mahindra Bank's joint MD Manian steps down after 29-year stint

The bank, which accepted Manian s resignation with immediate effect, was recently barred by RBI from onboarding new customers through its online portal and mobile app, and restricted from issuing fresh credit cards, due to serious deficiencies in its IT system. ....

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Kotak Bank's growth plans to take a hit post RBI restrictions on digital channels; shares plunge 11 pc

It was in September 2023 that Uday Kotak, the founder, MD and CEO of Kotak Mahindra Bank stepped down. The Reserve Bank of India had in 2021 capped the maximum tenure of MD and CEOs at 15 years. So, Kotak was due to retire by the end of December 2023. Subsequently, international banker Ashok Vaswani, who had earlier been the CEO of British Bank Barclays, was announced as his successor, effective January 1, 2024. ....

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Kotak Mahindra Bank Shares Tank 10% After RBI Bans Customer Onboarding Digitally

Kotak Bank plunged 10 per cent to Rs 1,673 after the Reserve Bank of India (RBI) barred the private lender from issuing new credit cards ....

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MOFSL expects overall GNPA of banks under its coverage universe to moderate to a decadal low of 2.7% in Q4

MOFSL expects overall GNPA of banks under its coverage universe to moderate to a decadal low of 2.7% in Q4
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India General , Anand Dama , Axis Bank , Kotak Mahindra Bank , Motilal Oswal Financial Services Ltd , North India ,